Volkswagen Vehicle Deliveries Fall on China Weakness
By Dominic Chopping
Volkswagen Group vehicle deliveries fell in the second quarter as the German automaker was hit by a deteriorating market in China.
The company, which houses a stable of brands that includes VW, Audi and Porsche, said Friday that its group vehicle deliveries fell 8.6% on year to 2.08 million.
"The situation in China remains challenging, where we were unable to escape a significant total market decline of around 20% [in the first half]," said Marco Schubert, member of the group's extended executive committee for sales.
Deliveries in China fell 37% in the quarter to 424,300 vehicles, despite initial positive momentum from its newly introduced, locally developed electric vehicles, it said.
The weakness in China offset a 7.7% jump in North America deliveries and a 1.8% increase in Western Europe.
Globally, deliveries of the group's all-electric vehicles fell 4.2% on year to 238,400 units, with Europe the only region showing growth. The company said it remains the clear market leader in Europe with its market share rising to 21% in Western Europe.
Tariffs and the end of government subsidies contributed to a 49% decline in U.S. deliveries of all-electric vehicles, while China saw a 36% drop.
The latest delivery figures come after the company on Thursday presented a plan to cut its model lineup by as much as half while continuing to reduce manufacturing capacity as it seeks deep cost cuts.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
July 10, 2026 05:57 ET (09:57 GMT)
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